The Special Economic Zone (SEZ) Act became effective in 2006. The Act was enacted by the Parliament of India to provide a framework for the establishment and development of SEZs in India. The Act provides for the setting up of SEZs by the Central Government, State Governments, or any other authority authorized by the Central Government. The Act also provides for the grant of various incentives and concessions to SEZs, including exemption from customs duties, excise duties, and other taxes. The Act has been instrumental in the development of SEZs in India, and has helped to attract foreign investment and promote exports.
The following are the options for the question:
(a) 2004: The Special Economic Zone (SEZ) Act was not enacted in 2004.
(b) 2005: The Special Economic Zone (SEZ) Act was not enacted in 2005.
(c) 2006: The Special Economic Zone (SEZ) Act was enacted in 2006.
(d) 2007: The Special Economic Zone (SEZ) Act was not enacted in 2007.
The correct answer is (c).